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Hospital and ambulatory care operator Tenet Healthcare Co. NYSE: THC is operating in the sweet spot of healthcare these days. That sweet spot is acute care services, which include emergency departments, inpatient hospitalizations, and ambulatory care.
Hospital operator Tenet Healthcare said on Monday that it will sell five hospitals with Brookwood Baptist Health in Birmingham to Orlando Health for about $910 million in cash.
DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) has entered into a definitive agreement with Orlando Health for the sale of Tenet's 70% majority ownership interest in Brookwood Baptist Health in Birmingham for approximately $910 million in cash (after-tax proceeds of approximately $790 million). The transaction will include five hospitals – Brookwood Baptist Medical Center, Princeton Baptist Medical Center, Walker Baptist Medical Center, Shelby Baptist Medical Center, Citizens.
Tenet (THC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Tenet (THC) shares jump 8.3% since Q2 earnings beat, as investors grow increasingly confident about the company's future prospects.
Does Tenet Healthcare (THC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.